Delek US Holdings EVP Sells $129,710 in Stock (DK)
Delek US Holdings (NYSE:DK) EVP Kent B. Thomas sold 3,815 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $34.00, for a total value of $129,710.00. Following the sale, the executive vice president now directly owns 55,786 shares in the company, valued at approximately $1,896,724. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Delek US Holdings (NYSE:DK) traded up 2.12% on Monday, hitting $33.30. 1,297,260 shares of the company’s stock traded hands. Delek US Holdings has a 52 week low of $19.83 and a 52 week high of $35.11. The stock’s 50-day moving average is $29.19 and its 200-day moving average is $29.94. The company has a market cap of $1.971 billion and a price-to-earnings ratio of 23.75.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.15. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Delek US Holdings will post $2.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, August 22nd.
Several analysts have recently commented on the stock. Analysts at Cowen and Company upgraded shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a $43.00 price target on the stock, up previously from $32.00. Separately, analysts at Simmons upgraded shares of Delek US Holdings from a “neutral” rating to an “overweight” rating in a research note on Thursday. Finally, analysts at Wolfe Research upgraded shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.67.
Delek US Holdings, Inc (NYSE:DK) is an integrated energy business focused on petroleum refining, the wholesale distribution of refined products and convenience store retailing.
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